EP 505 - How Maureen Miles acquired over 3,500 multifamily units, raised $75M+from investors, and exited near the peak of the market.

Maureen Miles (0:00)

And then I realized, as long as you can get a good team, it's treating people like people. Money makes people more of what they already are, I feel like. So you have to watch those people as that happens. So, but as long as you're good and you can get a good team together, yeah, scaling it, it's really unstoppable.

Tim Mai (0:17)

Welcome, everyone, to our HERO Capital Show. I'm your host, Tim Mai. And today, we have another amazing guest speaker on the line with us, Miss Maureen Miles. Maureen is a well-known leading real estate expert, speaker, teacher, entrepreneur.

She's been in the R&D mentor community for a long time. And Maureen, this is my very first time wearing an R&D mentor shirt on one of these HERO calls. Yeah, Maureen is the founder and managing partner of 4M Capital, which is one of the fastest growing multifamily private equity investment firm. In the last 12 years, Maureen has completed over $450 million transaction, raised over $75 million of private equity, and purchased over 3,500 multifamily units. And Maureen has exited out most of her portfolio at the height of the market. She was so smart at the height of the market in 21 and 22, and is now waiting to scoop up all of the good deals that are coming on the market in the next few years here.

And Maureen has a vast amount of experience, including property management, construction management. She's experienced from being a licensed realtor, licensed general contractors, doing acquisitions, syndications, due diligence, renovation, asset management, raising money, and all of the good things that we need in this syndication space to be good at. And Maureen is an active, she's active in the investment community. She's a member of the National Apartment Association, the Connecticut Real Estate Investors Association, the Apartment Association of Connecticut, and the Women's Real Estate Investors Association. And so with that, everyone, let's give Maureen a huge Texas welcome, y'all. Thank you.

Maureen Miles (2:09)

Nice to meet you. Nice to meet so many new faces and thank you for having me, Tim. I look forward to the call here.

Tim Mai (2:14)

Thank you. Yeah, I'm so excited to get to know you a bit more in the audio-mental community.

Everyone talks so highly of you. It was great to meet you in person at the Ultimate Partnering Event a month ago and now get in to interview you. So if you can start, share with us a little bit about you, how you got started in this whole world of real estate, especially in this multifamily syndication space.

Maureen Miles (2:39)

Yeah, my real estate journey has been long. When you read those credentials, I'm like, I sound like I'm 150 years old, right? But all the stuff I've done, I've always loved real estate. And it started back when I was like, not to go too far back, but I started learning when I was a teenager, basically somebody was flipping a house next door to my grandfather. I started helping them clean up the job site on weekends. And then pretty soon they're like, hey, can you carry this cabinet for me and hold this piece of sheet rock? Can you do this? So by the time I was 19 or 20 years old, I could build a house pretty much from the ground up myself. I went to school for electrical. So I understand the wiring of all these things. So that was my first introduction into real estate. And some of those people I ran into, they had rental. So that's, I was just aware of that, right? They had three families, they had four families, things like that. And then I went off, got married, bought my first house, renovated that. So I, and I made quite a bit of money on that. I ended up finding there was an extra lot. I split the lot and sold it almost for what I paid for the house. And anyway, so real estate has always been something I've always been involved with ever since I was a teenager. I started buying small multis in 2000 After I stumbled, when I did that, that's when I first met Ari Mentor as well. So I stumbled in because I got cash tight on buying the smaller stuff in Connecticut and somebody wanted to invest with me, but I didn't know how to take their money. I knew their rules. I had no idea what I was doing. So I said, if we do anything, let me find a course. So I went out and I found a private money course. And that's how I actually stumbled upon Ari Mentor and syndication.